Learn CW Investment, a blank check company formed by Learn Capital and Commonwealth Asset Management targeting education, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Director Robert Hutter and COO Greg Mauro, co-founders and Managing Partners of education-focused venture firm Learn Capital, and President and Director Adam Fisher, the founder and CIO of Commonwealth Asset Management Holdings. The company plans to target the education, training, and education technology ("EdTech") industries.
Learn CW Investment plans to list on the NYSE under the symbol LCW.U. Evercore ISI acted as sole bookrunner on the deal.
